Newview Oklahoma Inc

Analysis

Newview Oklahoma Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in August 1951, 75 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Newview Oklahoma Inc reported income of $27.4m and spending of $29.3m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $26.8m to $27.4m (+2.1%), an average of +0.5% a year. The sharpest change came in the year to September 2021, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Newview Oklahoma Inc sits at the 99th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OK. Charities of a similar size with the same main cause include Indianapolis Private Industry Council Inc ($27.4m), United Community Action Partnership Inc ($27.4m) and Vocational Development Foundation ($27.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 8.3% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $619k (2.1% of expenses). Other salaries and wages came to $10.9m. It paid $21k in professional fundraising fees. At year end it held assets of $22.7m against liabilities of $3.0m, net assets of $19.7m. It reported 247 employees.